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Tags: fix & flip, housing crash, inner guidance, real estate, recession
I was standing in front of the $800,000 house that the owner was willing to sell for $650,000, and my intuition was telling me to walk away. On the other hand, my two potential business partners are touting the benefits of the deal. They envisioned a $90K profit to be split 3 ways.
Barry who had been in the real estate business for over 25 years and knew the neighborhood well, said we couldn’t go wrong. Ryan, a water heater repair specialist agreed wholeheartedly. I was a real estate rube, but it was me who brought the property to the table in the first place.